Jumia Technologies (NYSE:JMIA) Short Interest Up 54.7% in February

Jumia Technologies (NYSE:JMIA) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 4,510,845 shares, a growth of 54.7% from the January 29th total of 2,916,367 shares. Based on an average daily volume of 3,856,933 shares, the days-to-cover ratio is currently 1.2 days. Approximately 3.8% of the shares of the company are sold short. Approximately 3.8% of the shares of the company are sold short. Based on an average daily volume of 3,856,933 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. one8zero8 LLC bought a new stake in Jumia Technologies during the 3rd quarter worth $1,611,000. Marex Group plc bought a new position in Jumia Technologies in the second quarter valued at about $342,000. SBI Securities Co. Ltd. boosted its stake in shares of Jumia Technologies by 18.1% during the third quarter. SBI Securities Co. Ltd. now owns 465,846 shares of the company’s stock valued at $5,408,000 after purchasing an additional 71,254 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Jumia Technologies by 29.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 74,970 shares of the company’s stock worth $301,000 after purchasing an additional 16,897 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in shares of Jumia Technologies in the third quarter valued at approximately $223,000. Institutional investors own 16.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Cantor Fitzgerald set a $16.00 price target on Jumia Technologies in a research report on Wednesday, February 11th. Benchmark started coverage on Jumia Technologies in a research report on Tuesday, November 25th. They set a “buy” rating and a $18.00 target price for the company. Weiss Ratings restated a “sell (e+)” rating on shares of Jumia Technologies in a research report on Thursday, January 22nd. Finally, Craig Hallum assumed coverage on shares of Jumia Technologies in a research note on Tuesday, December 16th. They set a “buy” rating and a $18.00 price objective on the stock. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.75.

Jumia Technologies Trading Down 4.6%

Jumia Technologies stock opened at $8.23 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.14 and a quick ratio of 1.04. Jumia Technologies has a 52 week low of $1.60 and a 52 week high of $14.72. The stock has a fifty day moving average of $11.77 and a 200-day moving average of $11.08.

About Jumia Technologies

Jumia Technologies AG (NYSE: JMIA) operates as a leading e-commerce and technology platform in Africa, facilitating online retail, logistics and digital payments. The company’s marketplace connects millions of consumers with a diverse array of sellers offering electronics, fashion, home goods, groceries and more. Beyond its core retail services, Jumia has developed JumiaPay, a payment solution that enables secure transactions both on and off its platform, and Jumia Logistics, which provides end-to-end delivery and fulfillment support across the continent.

Jumia serves a broad geographic footprint in Africa, with operations in key markets such as Nigeria, Egypt, Kenya, Morocco, Ghana, Côte d’Ivoire, Uganda, Tunisia and South Africa.